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The Underachieving Society: Development Strategy and Policy in Trinidad and Tobago, 1958-2008 - Couverture souple

Farrell, Terrence W.

 
9789766403195: The Underachieving Society: Development Strategy and Policy in Trinidad and Tobago, 1958-2008
Couverture souple
ISBN 10 : 9766403198 ISBN 13 : 9789766403195
Editeur : University of the West Indies Press, 2013

Synopsis

This work discusses the effectiveness of the sets of policies employed by the government over a fifty-year period spanning 1958 to 2008 in the effort to foster the growth and development of the economy. It concludes that Trinidad and Tobago has underperformed in respect of its growth and development. Compared with other countries more or less similarly placed around 1960, Trinidad and Tobago has not achieved in key areas of health-care delivery, education access, and income and wealth, notwithstanding its substantial resources of oil and gas.

Historically, Trinidad and Tobago's economy cycles from boom to bust depending on what happens to the price of oil. The carefree, undisciplined lifestyle of most of the population is occasionally perturbed by a paroxysm of social unrest. Downturns are accompanied by ritual incantations by government officials of the need for "diversification" to reduce the country's dependence on oil and the energy-based industries, the formation of new committees, task forces and boards, and considerable hand-wringing and angst about the "sustainability" of government fiscal operations. Seemingly bold new initiatives and projects are announced, and all the while people wait and secretly hope for a quick turnaround in the price of oil, ammonia, methanol and natural gas so that rents will again begin to accrue, government spending programmes can restart and the fête can resume. Trinidad and Tobago will not achieve its potential for development unless and until this cycle is broken.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l'auteur

Terrence W. Farrell is a Fellow of the Institute of Banking and Finance of Trinidad and Tobago he has published several scholarly articles and a book on central banking in Trinidad and Tobago.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
University of the West Indies Press
Date d'édition
2013
Langue
anglais
ISBN 10 
9766403198
ISBN 13 
9789766403195
Reliure
Broché
Nombre de pages
248
Coordonnées du fabricant
non disponible
Personne responsable
GPSR Kontakt
gpsr@libri.de

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